Scams Reportedly Impersonating Wealthy Investors Proliferating on Facebook

January 11, 2024

Deepfake scams, posing as wealthy investors like Bill Ackman, Cathie Wood, Steve Cohen, Peter Lynch, and Ray Dalio, are allegedly rampant on Facebook. Some scams use deepfake technology while Facebook's own AI appears to struggle in containing the spread of these fraudulent ads, despite repeated reports.

These incidents underscore the importance of trustworthy AI governance and safe and secure AI practices. For those interested in shaping the future of responsible AI, join us at HISPI Project Cerebellum TAIM (Govern) to map and manage such incidences, contributing to a database dedicated to harm prevention.
JOIN US

Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

GOVERN 2.2 — similarity 0.586, rank 1. TAIM detail and related incidents →
MAP 1.6 — similarity 0.582, rank 2. TAIM detail and related incidents →
MEASURE 2.10 — similarity 0.582, rank 3. TAIM detail and related incidents →

Alleged deployer: meta, facebook, unknown-scammers
Alleged developer: meta, facebook
Alleged harmed parties: investors, general-public, bill-ackman, cathie-wood, steve-cohen, peter-lynch, ray-dalio, peter-bourget

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/655

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

Pre-print on arXiv · Database snapshots & citation guide

We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.